PaymentEvolution

Compare PaymentEvolution to Wagepoint, QuickBooks Payroll, and Gusto. Includes a detailed review of PaymentEvolution, pricing information, and FAQs.

Updated on December 8th, 2021

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Updates:

Updated 8th of November 2021

We updated the review to include pros and cons and added comparisons to Wagepoint, QuickBooks Payroll, and Gusto.

PaymentEvolution is a web-based human resource (HR) management and payroll software created for small and midsized businesses. Based in Canada, the software provides employee HR features, payroll processing, and leave tracking.

Pricing:

Plan*

Pricing

Green

Free.**

Business

C$22.00 /mo., billed annually.**

Business +

C$1.50 /employee /run.***

Add Benefits Management to Business+

C$1.00 /employee (monthly minimum is C$100.00)

Add Project Costing to Business+

C$1.00 /employee (monthly minimum is C$100.00)

*PaymentEvolution also offers plans for accounting professionals.

**There is a one-off setup fee of C$55.00 for electronic payments, and direct deposits incur a charge of C$0.50 per transaction.

***There is a C$99.00 one-off setup fee. This plan has a minimum monthly billing limit of C$50.00.

Review:

PaymentEvolution offers payroll software for businesses in Canada. The software includes a good range of features to help businesses process payroll with ease. Users can benefit from the convenience of automatic payments, off-cycle pay runs, the ability to import timesheets, and unlimited payrolls. However, it lacks expense integration.

There are three business plans to choose from, including a free option that requires a one-off setup fee but incurs no monthly fees. However, on this plan users are charged transaction fees for direct deposits. Overall, PaymentEvolution is an incredibly cost-effective option with a great range of features but is limited to businesses in Canada.

Pros:

  • There is a 15-day free trial that does not require a credit card.
  • Businesses can choose from a variety of plans, including a free plan.
  • The software integrates with multiple add-on solutions, including FreshBooks, QuickBooks, Kashoo, T-sheets, and Xero.
  • Users can setup up custom deductions, benefits, and earnings and process off-cycle pay runs.
  • The software can be accessed from any device.
  • PaymentEvolution uses 256-bit SSL encryption to ensure the security of the platform.

Cons:

  • The software is designed for the Canadian market only.
  • The free plan has limited features, can only be used to run payroll for up to five employees, and requires a setup fee.
  • Email and phone support are not available on the free plan.

Reputation:

PaymentEvolution is not accredited by the Better Business Bureau. The platform has several reviews on Facebook, with some users describing it as an easy and convenient payroll solution with good customer service. However, one reviewer expressed dissatisfaction with the customer support, and another deemed PaymentEvolution's methods to be "archaic."

At-a-Glance:

Feature

PaymentEvolution

Free plan

Unlimited payrolls

Off-cycle pay runs

Manage garnishments and deductions

Direct deposits

Expense integration

x

Accounting integrations

FreshBooks, Kashoo, QuickBooks, Sage, Xero, and XML.

Employee portal

Mobile access

Security features

256-bit SSL encryption.

Customer support

Community forum, email, and phone.

PaymentEvolution vs. Wagepoint
PaymentEvolution vs. Wagepoint:

While PaymentEvolution and Wagepoint are both based in Canada, only Wagepoint also offers payroll software for businesses in the U.S. However, unlike Wagepoint, PaymentEvolution offers a free plan for up to five employees that requires a one-off setup fee only. Both platforms allow for custom pay rules, off-cycle payrolls, and mobile access.

PaymentEvolution vs. Wagepoint Comparison:

Feature

PaymentEvolution

Wagepoint

Starting Price

C$0.00 /mo. + C$55.00 one-off setup fee.

$12.00 /payroll /wk.

Automated taxes

Off-cycle payroll

Direct deposits

Employee portal

PaymentEvolution vs. QuickBooks Payroll
PaymentEvolution vs. QuickBooks Payroll:

Unlike PaymentEvolution, QuickBooks Payroll is not limited to Canada and is available in multiple countries, including the U.S., Canada, and Australia. While QuickBooks Payroll is costlier than PaymentEvolution, it offers more features, including expense integration, which PaymentEvolution does not offer.

PaymentEvolution vs. QuickBooks Payroll Comparison:

Feature

PaymentEvolution

QuickBooks Payroll

Starting Price

C$0.00 /mo. + C$55.00 one-off setup fee.

$45.00 /mo. + $4.00 /employee /mo.

Automated taxes

Off-cycle payroll

Direct deposits

Employee portal

PaymentEvolution vs. Gusto
PaymentEvolution vs. Gusto:

Gusto only offers payroll software for businesses in the U.S., while PaymentEvolution caters solely to the Canadian market. However, Gusto does support international contractor payments, making it suitable for U.S.-based companies with contractors based outside of the country. Gusto offers more features than PaymentEvolution but is also costlier.

PaymentEvolution vs. Gusto Comparison:

Feature

PaymentEvolution

Gusto

Starting Price

C$0.00 /mo. + C$55.00 one-off setup fee.

$39.00 /mo. + $6.00 /employee /mo.

Automated taxes

Off-cycle payroll

Direct deposits

Employee portal

Key Information:

Legal Name

PaymentEvolution Corporation

Founder

Sam Vassa

Founding Date

Jan 01, 2007

Address

2600 Skymark Ave., Bldg. 1, Ste. 200, Mississauga, Ontario L4W 5B2 Canada

Number of Employees

40

Number of Customers

18000

Email

info@paymentevolution.com

Telephone

1-647-776-7600

Website

https://paymentevolution.com/

FAQs:

What is PaymentEvolution?

PaymentEvolution is a Canadian payroll software solution for small to midsized businesses.

Is PaymentEvolution free?

PaymentEvolution offers a free plan that allows users to process payroll for up to five employees. While there are no monthly fees for this plan, users will have to pay a C$55.00 one-off setup. There is also a fee of C$0.50 per transaction for direct deposits.

How do you use PaymentEvolution?

PaymentEvolution is a payroll software that can be accessed online and be used by businesses in Canada to pay their employees. For more information on how to use PaymentEvolution, users can view the helpful articles in PaymentEvolution's online knowledge base or contact them directly.

What does PaymentEvolution cost?

PaymentEvolution's pricing starts at C$55.00 for setting up payroll, with no monthly fees.

Is there a PaymentEvolution free trial?

Yes, PaymentEvolution Payroll offers a 15-day free trial.

Where is PaymentEvolution located?

PaymentEvolution Payroll headquarters is based in Toronto, Canada.